NSE Reviews Key Indices for 2018

The Nigerian Stock Exchange announced a review of the NSE-30 and seven sectoral indices starting January 1, 2018. Mr Olumide Orojimi, Head of Corporate Communications, confirmed the composition details would be released in January following the year-end review and rebalancing process.

Orojimi stated that the review would involve adding major companies and removing others from the indices. The seven sectoral indices, including NSE Oil and Gas and NSE Lotus Islamic Indices, will undergo adjustments.

Northern Nigeria Flour Mills entered the consumer goods index, while Seven Up exited the same index.

The Nigerian Stock Exchange began reviewing the NSE-30 and seven sectoral indices effective January 1, 2018. Mr Olumide Orojimi, Head of Corporate Communications, stated the indices' composition would be finalized in January after completing the year-end review and rebalancing.

Orojimi noted the review would include adding major companies and removing others from the indices. The seven sectoral indices, such as NSE Oil and Gas and NSE Lotus Islamic Indices, will undergo adjustments through the bi-annual rebalancing process.

Northern Nigeria Flour Mills joined the consumer goods index, while Seven Up was removed from it during the rebalancing exercise.